XAGUUSD Forex Analysis for Today – Tuesday(12-03-2024)
Get Ready to Seek BUY Opportunities for XAGUSD, Monitor Breakout Resistance
Daily XAGUSD Analysis
The silver price is still moving steadily. The market is awaiting US inflation data that could provide clarity on the direction of the Fed interest rates.
Buy If Resistance is Broken
Overall, prices are still moving in a bullish bias for the daily outlook. Keep an eye on the resistance area because buying opportunities will reopen if that resistance is breached.
Prediction: STRONG SILVER
Resistance Levels
- R1 24.661
- R2 24.098
- R3 24.871
- R4 25.168
Support Levels
- S1 23.863
- S2 24.098
- S3 23.737
- S4 23.607
Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.